Benefitfocus, Inc.
BNFT
BNFT was delisted on the 23rd of January, 2023.
92 hedge funds and large institutions have $1B invested in Benefitfocus, Inc. in 2018 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 48 increasing their positions, 15 reducing their positions, and 9 closing their positions.
220% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 15
122% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 9
75% more call options, than puts
Call options by funds: $1.56M | Put options by funds: $890K
48% more capital invested
Capital invested by funds: $678M → $1B (+$324M)
14% more funds holding
Funds holding: 81 → 92 (+11)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$20.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.5M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$10.2M |
| 4 |
BlackRock
New York
|
+$8.65M |
| 5 |
MWNA
Marshall Wace North America
New York
|
+$8.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Oak Management Corp
Wilton,
Connecticut
|
-$15.4M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$9.61M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$5.69M |
| 4 |
SRFM
Shannon River Fund Management
New York
|
-$4.43M |
| 5 |
BBCM
Boardman Bay Capital Management
New York
|
-$2.93M |
BNFT Hedge Fund Activity: Q2 2018 in Review
92 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q2 2018, worth a combined $1B — up 48% from $678M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new BNFT positions and 9 closed out — a net gain of 11 holders — while 48 added to existing stakes and 15 trimmed.
The largest buyer was Millennium Management, adding an estimated $20.4M. The largest seller was Oak Management Corp, exiting entirely with an estimated $15.4M sold.
- 92 institutional investors held Benefitfocus, Inc. (BNFT) as of Q2 2018, up from 81 in Q1 2018.
- Funds reported $1B of Benefitfocus, Inc. stock for Q2 2018, up 48% quarter-over-quarter.
- 20 funds opened new Benefitfocus, Inc. positions in Q2 2018 and 9 closed out, a net change of +11 holders.
- The largest Benefitfocus, Inc. buyer in Q2 2018 was Millennium Management, an estimated $20.4M added.
- The largest Benefitfocus, Inc. seller in Q2 2018 was Oak Management Corp, an estimated $15.4M sold.
Based on aggregated 13F filings for Q2 2018.